From Alliance Bernstein:
Political opinion polls and consumer sentiment data in Australia have surged in the two weeks since Malcolm Turnbull became Prime Minister, but global asset manager AllianceBernstein (AB) questioned today whether the lighter mood may be underestimating the seriousness of the economic challenges facing the country.
“Most people rely on gross domestic product or GDP as a measure of economic welfare, even though economists agree that it’s actually quite a flawed metric,” said Guy Bruten, AB’s Senior Economist— Asia Pacific.
